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Why do prices in Sierra Leone change so often? : a case study using micro-level price data /
We use cross-section and time-series techniques to analyze pricing behavior in Sierra Leone. In cross-sectional data, we find that inflation volatility and product diversification are the main factors explaining differences in the frequency of price adjustments. We show that variance in the fraction...
| Clasificación: | Libro Electrónico |
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| Autor principal: | |
| Autor Corporativo: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
[Washington, D.C.] :
International Monetary Fund, African Dept.,
2006.
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| Colección: | IMF working paper ;
WP/06/53. |
| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | We use cross-section and time-series techniques to analyze pricing behavior in Sierra Leone. In cross-sectional data, we find that inflation volatility and product diversification are the main factors explaining differences in the frequency of price adjustments. We show that variance in the fraction of prices subject to change is a key determinant of inflation volatility in Sierra Leone, indicating that retail prices are sensitive to economic events. We explain variations in this fraction over time with past inflation and monetary growth, which are important policy variables. |
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| Descripción Física: | 1 online resource (27 pages) : illustrations |
| Bibliografía: | Includes bibliographical references. |
| ISBN: | 1283516888 9781283516884 9781451908497 1451908490 |